Common use of GUARANTOR’S OBLIGATIONS Clause in Contracts

GUARANTOR’S OBLIGATIONS. In the event the Debtor fails to repay in time and in full the whole or part of the loan, the principal of the financing fund or the Debtee’s advance payment or related interests, the Guarantor shall unconditionally pay without delay to the Debtee each and all due payments payable by the Debtor. The Guarantor agrees that: with regard to a master contract under a mortgage security or pledge security offered by the Debtor or by a third party, the Debtee has the right to determine on its discretion the order of right execution and is entitled to ask the Guarantor to pay without delay to the Debtee each and all due payments payable by the Debtor, without beforehand execution of security interests in property; with regard to the Debtor’s any waiver of security interests in property or of sequence of rights, or any change in the security interests in property, the Guarantor shall undertake its guaranty liabilities under this Contract, without exemption of any other responsibilities of the Guarantor thereunder.